Which of the following steps would involve the actioning of a planned response to an opportunity and monitoring its effectiveness?
A. Identify
B. Assess
C. Implement
D. Communicate
In which product would an identified opportunity relating to the project be recorded?
A. Issue Register
B. Risk Register
C. Issue Report
D. Risk Management Strategy
Which is a recommended response type to respond to an opportunity?
A. Transfer
B. Reject
C. Accept
D. Reduce
Which is NOT a recommended response to a threat?
A. Avoid
B. Exploit
C. Share D. Transfer
Please refer to section 8.2.1 in the PRINCE2 Manual. (The answer describes a 'favourable' impact on objectives, i.e. an opportunity, the other options are 'negative' impacts, so would be threats)
A. A competitor may launch a rival product first thus affecting the expected market share for the product
B. It is possible that the product completes user acceptance testing in a single test cycle rather that the scheduled two
C. A prototype may be damaged in transit
D. A critical meeting could be affected by air travel disruption
If, at the end of each stage, circumstances external to the project had changed which affect the project's costs, risks and benefits, which product should be updated to reflect this?
A. Exception Plan
B. Project Plan
C. Project Brief
D. Business Case
Which is NOT a purpose of a Product Description?
A. Define the time and cost needed to produce the product
B. Define the quality skills required to check the product
C. Define the function and appearance of the product
D. Define the development skills required to produce the product
Which is a purpose of a Communication Management Strategy?
A. Ensuring the project team can use the required reporting tools
B. Producing reports for the Project Board
C. Defining the communication method between the Project Board and corporate or programme management
D. Ensuring stakeholders are aware of their responsibilities
What principle is supported by the Project Product Description?
A. Continued business justification
B. Focus on products
C. Learn from experience
D. Manage by stages
Which is a definition of risk probability?
A. Scale of the risk should it occur
B. Probable effect on the project delivering its objectives
C. Probable timeframe within which the risk may occur
D. A measure of the likelihood of the risk occurring
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